By Barnaby Chesterman
The evolution of traditional business practices into e-business solutions is being addressed by IT industry leaders that have formed an e-business consortium
Several leading IT companies have announced the formation of the Business Internet Consortium, aimed at facing up to the growing requirements of e-business in the New Economy.
The consortium, which aims to bring customer and vendor e-business technology priorities together, hopes to serve as a global industry group to advocate the e-business architectural directions, interoperable building blocks and common procedures that will be the basis for future e-business Internet development.
It is a neutral, non profit-making organisation that sees itself as a ‘thinktank’ for generating technologies and practices designed to address growing e-business implementation challenges. It will form specialised workgroups to address key issues facing decision-makers, IT managers and customers.
The topics under consideration include using XML to transform traditional business practices into e-business practices; integrating business systems with new e-business solutions; improving the exchange of m-commerce over multiple devices; and establishing user-friendly secure systems. The results of these working groups will then be published in the form of reference designs and whitepapers.
The formation of the Business Internet Consortium comes at a time when the need to address the cross-over or amalgamation between the Old Economy and the New Economy is at its most pertinent. In the last 10 years the Internet economy has grown from zero to $100 billion. The Gartner Group estimates that the volume of digitised information in the world will double every year from 2000 to 2005, an aggregate increase of thirty times the current volume (in September 2000).
Some of the major companies involved in the consortium include – Computer Associates, Compaq, Dell, Hewlett-Packard, IBM, Intel Corporation, Microsoft Corporation and SAP.